Nestle said on Tuesday its approach to its 23 percent stake in French cosmetics firm L‘Oreal was unchanged after the death of L‘Oreal heiress Liliane Bettencourt last week triggered speculation of an ownership shake-up.

House of Fraser delivered lower sales and wider losses Wednesday but was upbeat and said its womenswear revamp is paying off while lower e-sales were caused by an online re-platform that is now yielding good results.

The French music label and fashion brand moves its New York City flagship downtown to 248 Lafayette Street. The brand is also launching its first-ever fragrance, "Note du Yuzu," made in partnership with Heeley Parfums.